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Highlights from Sentinel One $S Earnings Call!
Sentinel One is down today after its Q3 earnings report yesterday. The decline is probably due to concerns about its valuation of around 57x ARR. However, I found the earnings call very interesting and I'm hoping the stock continues to fall so that I can invest at a reasonable valuation.
Here are a few quotes from the Sentinel One earnings call that I found relevant:
- "In Q3, we reported an impressive ARR growth of 131%, reaching $237 million compared to last year. This growth was driven by a healthy combination of new customer additions, existing customer renewals and upsells."
- "We received the highest overall rating in the 2021 Gartner Voice of the Customer Report for endpoint protection platforms where 97% of reviewers would recommend the SentinelOne Singularity XDR platform."
- "In the fiscal third quarter, our net retention rate reached 130%, a new record for our company. This growth was driven by strong license expansion, platform upgrades and customer adoption of our new capabilities. We're early in our module strategy, but we're seeing great customer interest and adoption."
Would love to hear bull/bear cases for this company in the comments.
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